secwatch.observer — SEC 8-K summary
======================================

Issuer:     Tilray Brands, Inc. (TLRY)
CIK:        0001731348
Form:       8-K
Filed at:   2023-01-09T23:59:59+00:00
Accession:  0001171843-23-000153
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tilray Q2 FY23 revenue $144M, GAAP EPS -$0.11; adj EBITDA $11.7M
----------------------------------------------------------------

- Net revenue $144.1M (constant currency $157.6M); GAAP EPS -$0.11, adjusted EPS -$0.06.
- Gross profit $40.1M (+22% YoY); cannabis gross margin improved to 37% from 23%.
- Adjusted EBITDA $11.7M, 15th consecutive positive quarter; operating CF $29.2M, free CF $25.4M.
- Maintained #1 cannabis market share in Canada at 8.3%; beverage-alcohol sales $21.4M (+56% YoY).
- Acquired Montauk Brewing (accretive to EBITDA); $119.6M annualized cost savings toward $130M target.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1731348/000117184323000153/0001171843-23-000153-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1731348/000117184323000153/f8k_010823.htm
  HTML page:      https://secwatch.observer/filing/0001171843-23-000153

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer